Just over a month ago, PI dropped to $0.4, marking its all-time low amid significant token unlocks, market uncertainty, and skepticism surrounding the project.
In the following weeks, it rebounded but remained within a tight range around $0.6. However, last week, PI surged past that level, gaining 20% in a single day on Friday. Naturally, such a rally drew attention, prompting analysts and commentators to predict price targets ranging from $1 to as high as $5.
Interestingly, the lower target was hit earlier today when PI spiked by 35%, briefly reaching $1 for the first time in nearly two months. On a weekly scale, the asset has skyrocketed by an impressive 64%.
The recent surge in PI’s price appears to be driven by growing anticipation ahead of an upcoming announcement on May 14. Speculation suggests a potential major exchange listing, possibly on Binance.
Another factor fueling the excitement could be the upcoming appearance of Pi Network co-founder Dr. Nicolas Kokkalis at the Consensus Crypto Conference in Toronto, scheduled for May 14–16 called Consensus 2025.
With this increase social media is buzzing with various speculations by users.
It’s important to note that cryptocurrency remains an unregulated digital asset, not recognized as legal tender, and is subject to market risks. The information provided should not be considered financial or trading advice. CryptoNow holds no responsibility for any investment decisions made based on the content of this article.
